The Mizzi Organisation €25 million 6.2% bond offer had to close early this morning because of overwhelming demand and over-subscription. The offer opened at 8.30 a.m. and had to close shortly after.
The Board of Directors has decided to exercise the over-allotment option and increase the amount by an additional €5 million bringing the total bond issue to €30 million.
The allocation policy to be adopted will be announced by next Monday.
Bank of Valletta p.l.c. acted as Manager and Registrar while Rizzo Farrugia & Co. (Stockbrokers) Ltd. were Sponsors to the Mizzi Organisation Finance plc bond issue. The auditors and reporting accountants were PricewaterhouseCoopers and Camilleri Preziosi acted as legal counsel.
The Mizzi Organisation thanked all the parties to the issue, all financial intermediaries, and investors who supported the issue.